Market Trends by Property Type

1. Detached Homes

   • Benchmark Price: $1,077,500 (+7% year-over-year)

   • Sales: 5 (-17% Y/Y)

   • Inventory: 7 (-22% Y/Y)

   • Months of Supply: 1.00 (down significantly, indicating strong demand)

2. Semi-Detached Homes

   • Benchmark Price: $775,100 (+9% Y/Y)

   • Sales: 0 (No transactions recorded in January 2025)

   • Inventory: 0

3. Row Homes

   • Benchmark Price: $501,100 (+10% Y/Y)

   • Sales: 4 (-33% Y/Y)

   • Inventory: 7 (+40% Y/Y)

   • Months of Supply: 4.11 (increased supply may lead to slower appreciation)

4. Apartments

   • Benchmark Price: $460,900 (+8% Y/Y)

   • Sales: 0 (-100% Y/Y, no transactions in January 2025)

   • Inventory: 15 (+150% Y/Y)

   • Months of Supply: NA (No sales activity)

5. Overall Market Performance

   • Total Residential Benchmark Price: $810,000 (+4.1% Y/Y)

   • Sales: 9 (-44% Y/Y)

   • New Listings: 29 (+38% Y/Y)

   • Inventory: 37 (+185% Y/Y)

   • Months of Supply: 4.11 (increasing inventory may signal a shift towards a more balanced market)

2025 Calgary Real Estate Outlook for West Springs

• Price Growth: The overall market has continued to appreciate, with benchmark prices rising across all property types. However, slower sales and rising inventory levels may moderate price growth in the coming months.

• Supply & Demand Shift: Detached and semi-detached homes remain in high demand, with low months of supply. Row homes and apartments, on the other hand, are seeing increased inventory, which could lead to longer selling times and potential price adjustments.

• Market Balance: The rising months of supply (4.11) indicate that West Springs is shifting from a strong seller’s market toward a more balanced market. If inventory continues to rise, buyers may gain more negotiating power.

• Investment Considerations: The high prices in detached and semi-detached segments make them premium investments, while row homes and apartments may present opportunities for buyers as inventory builds up.

Overall, while the West Springs real estate market remains strong, the increase in inventory suggests a potential cooling period in 2025, making it a more favorable environment for buyers in certain segments.

The West Springs real estate market maintained strong momentum in December 2024, demonstrating solid price growth and increased activity.

• Total Residential Benchmark Price: $805,500 (8.9% Y/Y increase)

• Detached Homes: $1,070,500 (10% Y/Y increase)

• Semi-Detached Homes: $747,700 (10% Y/Y increase)

• Row Homes: $495,200 (8.9% Y/Y increase)

• Apartments: $464,500 (9.7% Y/Y increase)

Market activity remained competitive:

• Sales: 11 transactions, a 10% Y/Y increase

• New Listings: 19, marking a 138% increase Y/Y

• Inventory: 27 active listings, up 145% Y/Y

• Months of Supply: 2.45 months, showing a relatively balanced market with continued buyer interest.

2024 Annual Market Summary

West Springs experienced a strong and steady real estate market throughout 2024, with price increases across all property types and heightened sales activity.

• Total Residential Benchmark Price (Annual Average): $814,025 (6.6% Y/Y increase)

• Total Sales: 228 properties sold, a 12% increase from 2023

• New Listings: 330 listings, marking a 29% rise

• Sales-to-New-Listings Ratio: 69%, indicating a balanced market with healthy demand

• Average Months of Supply: 1.63 months, suggesting a competitive landscape favoring sellers

• Days on Market (DOM): 22 days, reflecting quick sales and strong demand

Property Performance in 2024:

• Detached Homes: Prices rose 10% Y/Y to an annual average of $1,064,533.

• Semi-Detached Homes: Increased 11% Y/Y, averaging $753,800.

• Row Homes: Saw a 15% Y/Y growth, reaching $503,275.

• Apartments: Experienced a 15% Y/Y increase, averaging $459,942.

Key Market Takeaways

1. Sustained Price Growth: Property values consistently increased, driven by strong demand and limited supply.

2. Increased Sales Activity: More transactions were completed in 2024 compared to 2023, reflecting a robust real estate environment.

3. Balanced Market Conditions: While inventory rose significantly in the latter half of the year, demand kept the market stable.

4. High Buyer Interest: Shorter DOM and increasing benchmark prices signal continued interest from buyers despite economic conditions.

West Springs remains a sought-after community with a thriving real estate market, making it an attractive area for both homebuyers and investors.

West Springs experienced strong real estate activity in November 2024. The total residential benchmark price increased by 4.4% year-over-year (Y/Y), reaching $814,300. The market remained competitive, with 20 sales recorded—a 43% increase Y/Y—and 24 new listings, reflecting a 71% Y/Y rise. Inventory levels doubled compared to the previous year, reaching 40 available properties.

• Detached homes had a benchmark price of $1,072,000, up 13% Y/Y.

• Semi-detached homes were priced at $758,600, reflecting steady growth.

• Row homes and apartments saw moderate price increases, with row homes averaging $516,000 and apartments at $469,600.

• The months of supply stood at 2.00 months, indicating a seller’s market but with slightly increasing inventory.

Overall, demand remains strong, with rising prices across all property types, reflecting West Springs’ ongoing desirability.

Schools & Education

West Springs is well-known for its excellent education options, making it a top choice for families. Some of the top schools in the area include:

• West Springs School (K-4) – Highly rated elementary school.

• West Ridge School (Grades 5-9) – A top-tier middle school.

• Ernest Manning High School – Offers advanced placement programs and excellent university preparation.

• Calgary French & International School – A private bilingual school with strong academics.

These schools contribute to the neighborhood’s appeal for families seeking high-quality education.

Community Features

West Springs offers a blend of suburban charm and urban convenience, making it one of Calgary’s most desirable communities. Notable features include:

• Parks & Green Spaces: Ample walking trails, playgrounds, and green belts provide a perfect setting for outdoor activities.

• Shopping & Dining: Access to West 85th, a popular shopping area with premium grocery stores, boutique shops, and diverse dining options.

• Recreation: Proximity to WinSport, Canada Olympic Park, and various fitness centers make it ideal for sports enthusiasts.

• Connectivity: Quick access to Stoney Trail and Bow Trail, offering a smooth commute to downtown Calgary and beyond.

With its strong housing market, excellent schools, and vibrant amenities, West Springs remains a prime location for buyers and investors.

Market Highlights:

• Sales Activity: West Springs recorded 16 total residential sales in October, reflecting stability compared to last year.

• Price Trends: The benchmark price for all residential properties increased by 6.2% year-over-year, reaching $816,000.

  • Detached homes were priced at a benchmark of $1,068,700, showing notable strength.

  • Apartments experienced a benchmark price of $478,900.

• New Listings: There were 34 new listings, representing a 31% year-over-year increase, suggesting growing market inventory.

• Inventory Levels: The inventory expanded by 83% year-over-year, standing at 42 active listings by month-end.

• Months of Supply: Increased to 2.63 months, indicating a slight shift toward a balanced market.

Community Features:

West Springs is a family-friendly neighborhood in Calgary’s southwest, known for its blend of natural beauty, recreational amenities, and urban convenience. Key community highlights include:

• Schools and Education: The area is served by top-tier schools, both public and private, making it attractive for families.

• Parks and Trails: Residents enjoy access to numerous green spaces and walking trails, enhancing outdoor living.

• Shopping and Dining: A variety of retail centers and dining options cater to diverse tastes, located just minutes away.

• Proximity to Downtown: West Springs offers a peaceful suburban lifestyle with easy commutes to downtown Calgary.

The current trends suggest growing inventory with steady price appreciation, signaling opportunities for both buyers and sellers in the market. The community continues to shine as a desirable location for families and professionals alike.

Would you like any additional details, such as breakdowns by property type or comparison with other neighborhoods? Submit request today.

Wentworth is an estate style neighbourhood found within the southwest community of West Springs. This community is made up of five areas including Wentworth, Wentworth Estates, The Willows of Wentworth, Wexford Estates and Wentworth Glen. Three of these areas are host to a number of different luxury estate homes.

• Wentworth Estates – New area where you will find luxury estate homes on larger than average lots

• The Willows of Wentworth – A unique luxury estate homes area built on considerable lot sizes.

• Wexford Estates – An extension of Wentworth Estates featuring new luxury estate homes with ravine and mountain views plus unique architectural controls to make sure no two luxury homes are the same

Those who live in this neighbourhood enjoy short driving times to the downtown Calgary core, while being on the edge of the southwest quadrant allowing for a quick commute westward to the Rocky Mountains and beyond. Living a healthy and active lifestyle has never been easier at when living in this community, especially with such an abundance of recreational tools located nearby.

Wentworth Amenities
Living a luxurious life style means having conveniently located amenities and services. Residents can find almost everything they need at one of these three nearby shopping centres including West Springs Village, Aspen Landing and Strathcona Square. Find everything from upscale dining to department stores!

As far as recreation goes, the community’s location gives residents ample access to a long list of outdoor parks and pathways stretching westward into Springbank. Canada Olympic Park is north of the community and is within walking distance, while West Side Rec. Centre is a few minutes southbound. Most of the communities found in the area also have extensive ravine park and pathway systems for added fun!

Wentworth Schools

• Elementary – West Springs Elementary is the designated school

• Junior High – Vincent Massey is the designated school and is found off of 45th Street SW

• Senior High – Ernest Manning is the designated school and is found off of 69th Street SW

• Private School – St. Joan of Arc – Calgary Catholic School in West Springs for kindergarten to grade nine. Hockey Canada Skills Academy also operates out of St. Joan of Arc for grade seven to nine. For those looking put their kids into a junior high program that maximizes their hockey skill development while receiving only the best education, Hockey Canada Skills Academy is the definitely the right way to go.

Wentworth Demographics
Thinking of buying a Calgary luxury home in Wentworth? Here are some important statistics for its containing community of West Springs. (City of Calgary Census 2005 and 2009)

• Below the age of 24 – 38.2%

• Between the ages of 22 and 54 – 52.2%

• Above the age of 55 – 9.6%

• Average income per household – $106,411

• Population percentage with at least a high school diploma – 89.9%

• Owned properties – 97.0%

• Rented properties – 3.3%